Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB – Free Report) – Research analysts at Zacks Research lowered their FY2024 EPS estimates for shares of Red Robin Gourmet Burgers in a report released on Tuesday, February 11th. Zacks Research analyst M. Kaushik now anticipates that the restaurant operator will post earnings of ($2.96) per share for the year, down from their previous forecast of ($2.93). The consensus estimate for Red Robin Gourmet Burgers’ current full-year earnings is ($2.93) per share. Zacks Research also issued estimates for Red Robin Gourmet Burgers’ Q4 2024 earnings at ($0.55) EPS, Q4 2025 earnings at ($0.14) EPS, FY2025 earnings at ($1.75) EPS, Q1 2026 earnings at $0.21 EPS and FY2026 earnings at ($0.60) EPS.
Red Robin Gourmet Burgers Price Performance
Shares of RRGB opened at $5.00 on Friday. The firm’s 50 day moving average is $5.55 and its 200-day moving average is $5.13. The stock has a market capitalization of $86.95 million, a P/E ratio of -1.52 and a beta of 2.65. Red Robin Gourmet Burgers has a 12-month low of $2.97 and a 12-month high of $10.61.
Institutional Investors Weigh In On Red Robin Gourmet Burgers
Insider Transactions at Red Robin Gourmet Burgers
In other Red Robin Gourmet Burgers news, insider Jumana Capital Investments Llc acquired 800,454 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average price of $5.19 per share, with a total value of $4,154,356.26. Following the purchase, the insider now directly owns 1,614,906 shares of the company’s stock, valued at approximately $8,381,362.14. This trade represents a 98.28 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.19% of the company’s stock.
Red Robin Gourmet Burgers Company Profile
Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. Its restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.
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